Company earns two Aviation Week Network 2018 Program Excellence Awards

FORT WORTH, Texas, November 5, 2018 /PRNewswire/ --

Three Elbit Systems of America programs were recognized at the Program Excellence Awards Banquet Oct. 24, 2018, held in conjunction with the DefenseChain Conference in McLean, Virginia. Program Managers along with their customers were on hand to receive these awards.

"Elbit Systems of America is able to push the limits of technology and innovation through close collaboration with our customers," said Raanan Horowitz, president and CEO of the company. "These industry awards represent what is uniquely important to our company - excellence in design and delivery performance, customer focus and respect for our customers, partners and employees."

The following programs were recognized during the Program Excellence Awards Banquet:

The LJDAM program creates semi-active laser seekers to convert existing munitions into precision guided weapons that can engage with both stationary and fast-moving targets. The LJDAM is operational on nearly all United States air combat platforms, along with many international fighter aircraft. This innovative solution grew from a partnership with Boeing in 2007. The program has experienced on-time delivery for more than a decade and has doubled production rates to support warfighter demand.

RCEVS' F-35 Helmet Mounted Display System (HMDS) program highlights an ability to collaborate with the customer to advance systems quickly. Through careful research and design, improved HMDS capabilities came with no added weight, enabling greater safety and comfort to F-35 pilots. RCEVS is a joint venture with Rockwell Collins.

ASTARS III is the newest generation of flying classrooms for the U.S. Naval Test Pilot School at Patuxent River, Maryland. This flying classroom is hosted in a C-26 aircraft, and is a product of innovation, engineering and unparalleled team work between the Navy and M7 Aerospace, a subsidiary of Elbit Systems of America.

The DefenseChain Conference is an annual gathering that draws representatives from across the Aerospace and Defense industry to examine business strategies and supplier opportunities, while setting standards across the industry for performance excellence.

Elbit Systems of America is based in Fort Worth, Texas and has more than 25 years of experience helping its customers keep America safe.

About Elbit Systems of America, LLC

Elbit Systems of America is a leading provider of high performance products, system solutions, and support services focusing on the defense, homeland security, commercial aviation, and medical instrumentation markets. With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT), a global high technology company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: www.ElbitAmerica.com or follow us on Twitter.

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.